Miner Company
A Broader Market Awakening
Market leadership broadened in 2025, and this has continued in 2026, with emerging markets and some developed markets outperforming the United States. Asset-heavy sectors dominate, reflecting that AI infrastructure and national-security spending are driving a multiyear global capex cycle in data centers, power, defense, and supply chains.
Market leadership broadened in 2025, and this has continued in 2026, with emerging markets and some developed markets outperforming the United States. Asset-heavy sectors dominate, reflecting that AI infrastructure and national-security spending are driving a multiyear global capex cycle in data centers, power, defense, and supply chains.